80% Increase in Cyber attacks per Business

Cybercriminals are expanding their attacks to gain access to corporate data and employee data.

Mimecast Limited (NASDAQ: MIME) has submitted an E-mail Security Assessment Report (ESRA). In the Mimecast study, more than 142 million e-mails were tested that went through existing email security organizations. The results showed that 203,000 malicious links in 10,072,682 messages were considered safe by other security systems – the ratio of one unreliable malicious link for every 50 verified emails.

Mimecast ESRA helps organizations involved in these studies to better understand the number and type of e-mail threats that go through their current protection.

The report says that the number of cyber attacks has increased by 80% compared to the reporting of the last quarter with 41,605 caught.

“Targeted malware, heavily socially-engineered impersonation attacks, and phishing threats are still reaching employee inboxes. This leaves organizations at risk of a data breach and financial loss,” said Matthew Gardiner, cybersecurity strategist at Mimecast. “Our latest quarterly analysis saw a continued attacker focus on impersonation attacks quarter-on-quarter. These are difficult attacks to identify without specialized security capabilities, and this testing shows that commonly used systems aren’t doing a good job catching them.”

The report indicates the need for organizations to enhance their cyber resilience strategies for email with a multi-layered approach that includes a third-party service provider. This new ESRA report follows an SE Labs Independent Email Security Services Protection group test, which gave Mimecast the top score and an “AAA” rating. Other email security services SE Labs evaluated were from Microsoft, Forcepoint, Symantec, and Proofpoint.

“The SE Labs report highlights the need for multiple layers of protection to increase security efficacy and to address the rise of more advanced email attacks,” added Gardiner.

Mimecast is engineered to use multiple layers and types of detection engines, combined with high-performance analytics and a diverse set of threat intelligence sources, overseen by the Mimecast SOC. This helps protect email data and employees from malware, spam, phishing, and targeted attacks – 100% from the cloud.